People own a handful of gigantic companies and think their portfolio is bulletproof, but it’s not, especially over a long period of time like we hope your retirement will be. Some clients gravitate towards bigger S&P 500 companies, assuming that they will remain stable for years to come. While these companies may appear to have a bright future, it is not always the best bet in the long run.
Just like a company’s success can change over the years, so can sports teams. In honor of baseball season starting up, we’ll compare World Series champions from each decade and big companies in the S&P 500 and take a look at how they have changed in this episode. Stay tuned as we take a look at what financial lessons we can learn from baseball!
In this episode, we’ll share:
- Today’s worst baseball franchises. (4:17)
- The ten largest companies in 1980, 2000 and 2020. (12:29)
- General Electric, Exxon and other companies’ changes over the years. (16:40)
If you have any questions about how you can better prepare for your retirement future, don’t hesitate to reach out to Michael Schulte for help.
He’s a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.
Call Michael at 702-767-4897 with any of your questions or email firstname.lastname@example.org.